February 22, 2018 / 11:15 AM / 7 months ago

BRIEF-Magna Q4 Earnings Per Share $1.53

Feb 22 (Reuters) - Magna International Inc:

* MAGNA ANNOUNCES FOURTH QUARTER AND 2017 RESULTS AND RAISES QUARTERLY CASH DIVIDEND BY 20%

* Q4 SALES ROSE 12 PERCENT TO $10.4 BILLION

* Q4 EARNINGS PER SHARE VIEW $1.55, REVENUE VIEW $10.12 BILLION -- THOMSON REUTERS I/B/E/S

* QTRLY ‍RECORD SALES OF $10.4 BILLION, UP 12% FROM Q4 OF 2016​

* RAISES QUARTERLY CASH DIVIDEND BY 20% TO $0.33 PER SHARE

* MAGNA INTERNATIONAL- ‍2018 OUTLOOK REMAINS UNCHANGED EXCEPT THAT EUROPEAN LIGHT VEHICLE PRODUCTION UNITS HAVE INCREASED FROM 22.3 MILLION TO 22.4 MILLION UNITS​

* SAYS ‍HAVE MADE PROVISIONAL ESTIMATES AND RECORDED NET $23 MILLION REDUCTION IN INCOME TAX EXPENSE​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below